Scary: The terrifying new banking acronym

Berenberg's bearish team of banks analysts have coined a new acronym for the frightening condition of European banking sector

By

Giles Turner

January 29, 2013 Updated: 7:13 p.m. GMT

Analysts love acronyms. Jim O’Neil’s Bric has stood the test of time, and the grouping of Brazil, Russia, India, and China has been seared into financial lexicon. Today, Berenberg has coined the term "Scary", which focuses on a bank’s solvency, complexity, adaptability, risks and belief in structural change. Should we be afraid?

Despite the rather dubious acronym (the "Y" in scary stands for "Yes we do believe...